The daily picture paints a continuation of the uptrend with the SMA acting as support.
It is important to break and stay above ~$680, more on that in a bit.
weekly:
Originally this thread was titled 'Bottom is in at $215 buying like crazy.' This was when I noticed the, at that time, double bottom in April 2015. From above picture it is clear that, shortly after the bottom was confirmed for the third and final time, bitcoin has been in an incredible bull market ever since. With recent support holding and the MACD suggesting positive momentum, it seems like said bull market is here to stay. Start trading below our SMA and things will be negative.
Jan. '13 - Nov. '16:
Now this looks like a cup and handle breakout pattern to me. Not only was ~$680 resistance just a couple of months ago but also in 2014, after it had acted as a level of support in 2013. Also, this price level coincides with the lip of our cup. So a new break above this resistance is very relevant.
(BITCOIN PRICE INDEX $657.02)